Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    280 Macarthur Avenue Garfield, NJ 07026

    View on Map
    Claim this Listing
    New
    For Sale
    $924,999

    3 Family, Mixedflr - Garfield, NJ

    Added:
    Apr 30, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 30 at 10:06 pm

    Property Features for 280 Macarthur Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Standard status
    Active

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Hipolito Touron

    Listing agent Hipolito Touron

    Listing office Keller Williams Village Square Realty 257 E. Ridgewood Ave, Ridgewood, NJ

    Listing date Apr 30, 2026

    MLS# 26013468 Listing URL

    Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Garfield Three-Family Property For Sale

    This legal three-family property in Garfield, New Jersey, presents a strong income potential and flexible living options, suitable for both owner-occupants and investors. The property contains three units. The top-floor unit features 4 bedrooms and 1 full bath. The second-floor unit offers 3 bedrooms and 1 full bath, as does the first-floor unit. Each unit provides comfortable living space with well-sized layouts. The property also boasts a large backyard with a tool shed and an expansive driveway providing ample off-street parking. A partial, unfinished basement/crawl space houses utilities and offers additional storage. Conveniently located on a quiet street near public transportation, schools, houses of worship, and shopping.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garfield
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.09664
    Latitude
    40.8764716

    Nearby Similar for Sale

    • $835,000

      Two-Family Home in Garfield, NJ

      Two-family home with income potential in a convenient location.
      126 Macarthur Avenue, Garfield, NJ 07026
      View Details
    • $749,900

      Multi-Level Two-Family Home

      Two-family house in quiet neighborhood, close to transportation and amenities.
      163 MACARTHUR AVE, Garfield, NJ 07026
      View Details
    • $505,000

      Two-Family Home with Investment Potential

      Two-family home in Garfield, NJ, with separate utilities and large lot.
      43 Maitland Place, Garfield, NJ 07026
      View Details
    • $759,000

      Renovated Multi-Family Home in Garfield

      Renovated two-family home with modern updates and spacious layouts.
      87 Semel Ave, Garfield City, NJ 07026-3740
      View Details
    • $505,000

      Multi-Family Home with Potential

      Two-family home in Garfield City with separate utilities and large lot.
      43 Maitland Pl, Garfield City, NJ 07026-1227
      View Details
    • $518,000

      Two-Family Home in Garfield City

      Spacious two-family home with investment potential in a desirable neighborhood.
      158 Pierre Ave, Garfield City, NJ 07026-2810
      View Details
    • $925,000
      2,826 SF

      Mixed-Use Property with Income Potential

      Mixed-use property with commercial space, residential unit, and development potential.
      Garfield City, NJ 07026-3604
      View Details
    • $835,000
      1,440 SF

      Two-Family Home in Garfield City

      Two-story, under/over multi-family home, ideal for investors or first-time buyers.
      126 MacArthur Ave, Garfield City, NJ 07026-1544
      View Details
    • $699,000

      Garfield City Two-Family Home

      Two-family home in Garfield City near schools and shopping.
      283 Malcolm Ave, Garfield City, NJ 07026-1125
      View Details
    • $779,111

      Two-Family Home in Garfield, NJ

      Well-kept 5-bedroom, 2-bath home with income potential.
      83 Plauderville Avenue, Garfield, NJ 07026
      View Details
    • $925,000
      2,826 SF

      Mixed-Use Property with Income Potential

      Mixed-use property with commercial space, residential unit, and development potential.
      142 Division Ave, Garfield City, NJ 07026
      View Details

    FAQs

    What type of property is this?
    Triplex - Legal three-family property in Garfield with income potential and flexible options.
    Where is this triplex located?
    The property is located at 280 Macarthur Avenue Garfield, NJ.
    What is the asking price?
    The asking price for this property is $924,999.
    What are key features of this property?
    This property features: Legal 3‑family property offering strong income potential.; Three separate units: **one 4‑bedroom and two 3‑bedroom apartments.**; Large backyard with tool shed.
    (201) 726-3933
    We can help!
    Listing Contact
    Hipolito Touron
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!